July 12, 2012
The TCBY franchise, the frozen yogurt franchise owned by UT-based Mrs. Fields Famous Brands, has a disturbingly high SBA loan default rate of 29%.
Are you familiar with the TCBY franchise opportunity? Please share a comment below.
29% of the TCBY franchise owners who received SBA loans, some of whom may have collateralized their franchise loan with their house or other personal assets, were unable to repay those franchise loans… despite serious incentive to do so.
The TCBY Franchise has a failure rate of 29% for SBA-backed franchise loans
According to Entrepreneur magazine, TCBY declined from 536 US franchises in 2008 to 438 in 2010… a decline of 98 units, or 18% of domestic franchises in just 2 years.
Are you familiar with the TCBY franchise opportunity?
What do you think accounts for the SBA loan failure rate of TCBY franchise owners?
What steps should TCBY and Mrs. Fields Famous Brands be taking to stop further franchise failures?
Please share a comment, opinion or insight below.
ARE YOU A TCBY FRANCHISE OWNER OR FORMER TCBY FRANCHISEE? ARE YOU FAMILIAR WITH THE TCBY FRANCHISE OPPORTUNITY? PLEASE SHARE A COMMENT BELOW.
Tags: TCBY , TCBY franchise, TCBY complaints, frozen yogurt franchise, frozen dessert franchise, food franchise, franchise failure rate, worst franchise, sba failure rates, SBA franchise loans, franchise information, unhappy franchisee, Mrs. Fields Famous Brands, Mrs. Fields